facebook
twitter
rss
account
search
search
 

Fuel efficiency rises among new cars sold

March 5, 2012 at 5:44 PM   |   Comments

| License Photo
DETROIT, March 5 (UPI) -- The fuel efficiency of all the cars sold in the United States is rising, a research institute in Michigan said.

Vehicles purchased by consumers in February averaged 23.7 miles per gallon, up from 22.7 mpg in February 2011 and from 20.4 mpg in February 2008, the Michigan Transportation Research Institute said.

The Los Angeles Times reported Monday 24 percent of the vehicles sold by Ford Motor Co. in February were small cars, Ford analyst Erich Merkle said.

That is a quick jump from December, where less than 20 percent of the vehicles sold by Ford were in the small car segment.

Gasoline prices are rising at a torrid pace. On Monday, 70 lawmakers in Washington sent a letter to the Commodity Futures Trading Commission demanding a tougher stance on oil speculators.

In the past month, the national average price of gasoline jumped nearly 30 cents, climbing from $3.475 per gallon to $3.767 per gallon, AAA said.

Topics: Erich Merkle
© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Maker of Camel cigarettes bans smoking in workplace Maker of Camel cigarettes bans smoking in workplace
2
Continental Resources declares win in Oklahoma basin Continental Resources declares win in Oklahoma basin
3
U.S. oil exports at highest level since 1957 U.S. oil exports at highest level since 1957
4
Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal Brazil, Argentina to strenghten aerospace cooperation; talk Gripen deal
5
More U.S. funding targets solar energy research More U.S. funding targets solar energy research
Trending News
Around the Web
x
Feedback